Curtiss-Wright (NYSE:CW – Get Free Report) had its price target boosted by Truist Financial from $225.00 to $250.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price would suggest a potential upside of 14.35% from the stock’s previous close.
Several other research firms have also recently weighed in on CW. Stifel Nicolaus upped their target price on Curtiss-Wright from $227.00 to $243.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $237.50.
Read Our Latest Report on Curtiss-Wright
Curtiss-Wright Stock Performance
Shares of Curtiss-Wright stock traded down $3.85 on Thursday, hitting $218.63. The stock had a trading volume of 83,305 shares, compared to its average volume of 162,715. Curtiss-Wright has a twelve month low of $156.76 and a twelve month high of $224.74. The business’s 50 day moving average is $207.86 and its two-hundred day moving average is $196.92. The company has a quick ratio of 1.30, a current ratio of 1.99 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 24.56 and a beta of 1.17.
Curtiss-Wright (NYSE:CW – Get Free Report) last posted its earnings results on Wednesday, November 1st. The aerospace company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.42 by $0.12. The company had revenue of $724.33 million for the quarter, compared to the consensus estimate of $682.88 million. Curtiss-Wright had a return on equity of 16.85% and a net margin of 12.20%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.07 earnings per share. Analysts forecast that Curtiss-Wright will post 9.15 EPS for the current year.
Institutional Trading of Curtiss-Wright
A number of large investors have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky grew its holdings in Curtiss-Wright by 21.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,480 shares of the aerospace company’s stock worth $4,398,000 after acquiring an additional 3,933 shares during the period. Comerica Bank acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $5,284,000. Creative Planning grew its stake in shares of Curtiss-Wright by 6.3% in the 3rd quarter. Creative Planning now owns 2,279 shares of the aerospace company’s stock valued at $446,000 after buying an additional 135 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $49,000. Finally, Tudor Investment Corp Et Al acquired a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $4,790,000. 80.82% of the stock is currently owned by institutional investors and hedge funds.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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